| [March 18, 2013] |
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PCTEL Announces Stock Buyback
BLOOMINGDALE, Ill. --(Business Wire)--
PCTEL (News - Alert), Inc. (NASDAQ:PCTI), a leader in simplifying wireless and site
solutions for private and public networks, announced today that its
Board of Directors approved a $5 million stock buyback program at its
recent, quarterly meeting. The program will stay in effect for one year.
"We are confident in the long-term prospects for our industry, our
specific markets, and our products," said Marty Singer, PCTEL's Chairman
and CEO. "Our stock buyback program reflects that confidence as well as
the company's commitment to enhancing stockholder value," added Singer.
PCTEL also offers investors a quarterly dividend of $.035 per quarter or
approximately two percent. The dividend was increased late last year.
About PCTEL
PCTEL, Inc. (NASDAQ: PCTI), develops antenna, scanning receiver, and
engineered site solutions and services for public and private networks.
PCTEL RF Solutions specializes in the design, optimization and testing
of today's wireless communication networks. The company's SeeGull®
scanning receivers, SeeHawk® visualization tool, and Clarify® system,
measure and analyze wireless signals for efficient cellular network
planning, deployment, and optimization. PCTEL develops and supports
scanning receivers for LTE (News - Alert), TD-LTE, EV-DO, CDMA, WCDMA, TD-SCDMA, GSM,
and WiMAX networks. PCTEL Secure, which is part of RF Solutions, focuses
on Android mobile platform security.
PCTEL Connected Solutions™ simplifies network deployment for wireless,
data and communications applications for private network, public safety,
and government ustomers. PCTEL Connected Solutions develops and
delivers high-value YAGI, Land Mobile Radio, WiFi, GPS, In-Tunnel,
Subway, and broadband antennas (parabolic and flat panel) through its
MAXRAD®, Bluewave™ and Wi-Sys (News - Alert)™ product lines. PCTEL also designs
specialized towers, enclosures, fiber optic panels, and fiber jumper
cables to deliver custom engineered site solutions. The company's
vertical markets include SCADA, Health Care, Smart Grid, Positive Train
Control, Precision Agriculture, Indoor Wireless, Telemetry, Off-loading,
and Wireless Backhaul. PCTEL's products are sold worldwide through
direct and indirect channels. For more information, please visit the
company's web sites www.pctel.com,
www.antenna.com,
www.rfsolutions.pctel.com,
www.connectedsolutions.pctel.com,
www.towerworx.com,
or www.pctelsecure.com.
PCTEL Safe Harbor Statement
This press release contains "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. Specifically, the
statements regarding PCTEL's authorization to buy back up to $5 million
of the company's common stock over the next year, and its confidence in
long-term prospects for the industry, its markets and products, are
forward looking statements within the meaning of the safe harbor. These
statements are based on management's current expectations and actual
results may differ materially from those projected as a result of
certain risks and uncertainties that are detailed in PCTEL's Securities
and Exchange Commission filings. These forward-looking statements are
made only as of the date hereof, and PCTEL disclaims any obligation to
update or revise the information contained in any forward-looking
statement, whether as a result of new information, future events or
otherwise.

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